Agency: City of National City
Contact: Leslie Deese (ldeese@nationalcityca.gov)
Deadline: 08/18/2011
The City of National City and the National City Community Development Commission (collectively “City”) are seeking proposals from interested firms in providing Investment Management Services for its investment portfolio. The combined value of the portfolio is approximately $40 million, which is currently placed between the Local Agency Investment Fund (LAIF) and other low risk securities.
The City and CDC have historically managed its own funds using investments pools and short to medium term securities due to its historical cash constraints and inability to invest in long-term investment instruments. Over the years, the City’s investment balance has grown to a point where the City can now invest in more long term instruments and improve the current performance of its investments. The City is seeking to the services of two highly qualified investment management firms to provide investment management, investment advisory and related services to the City.